AQR Capital Management LLC Adjusts Holdings in SPDR Portfolio S&P 500 Growth ETF

AQR Capital Management LLC has made significant adjustments to its investment in the SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG). According to their recent 13F filing with the SEC, the firm reduced its holdings by 11.2% during the second quarter. Following the sale of 1,302 shares, AQR now holds a total of 10,272 shares of SPYG, with these shares valued at approximately $823,000 at the end of the reporting period.

This modification in holdings comes amid broader changes in the positions held by various institutional investors and hedge funds in SPYG. For instance, Envestnet Asset Management Inc. significantly increased its stake by 125.1% in the same quarter, amassing 12,065,732 shares valued at about $966.8 million after acquiring an additional 6,706,045 shares.

Additionally, Dynasty Wealth Management LLC entered a new investment position in SPDR Portfolio S&P 500 Growth ETF during the first quarter, valued at $262.6 million. LPL Financial LLC also upped its holdings by 7.2% in the second quarter, owning 30,048,719 shares worth approximately $2.4 billion after adding 2,013,457 shares.

Cetera Investment Advisers made a substantial investment boost, increasing their stake by 282.8% in the first quarter, resulting in ownership of 2,192,642 shares valued at $160.4 million. Similarly, Savant Capital LLC expanded its position by 117.6% during the second quarter, gaining 2,512,342 shares worth about $201.3 million after purchasing an extra 1,357,615 shares.

Current Status of SPDR Portfolio S&P 500 Growth ETF

As of Friday, shares of SPGR opened at $83.90. The SPDR Portfolio S&P 500 Growth ETF has experienced a 12-month range, hitting a low of $56.78 and a high of $84.16. The ETF's 50-day simple moving average stands at $80.19, while the 200-day simple moving average is at $77.66. The fund boasts a market capitalization of $28.80 billion, with a PE ratio of 27.22 and a beta of 1.14.

Overview of SPDR Portfolio S&P 500 Growth ETF

The SPDR S&P 500 Growth ETF aims to provide investment results that correspond closely to the total return performance of the S&P 500 Growth Index. The fund is designed to track the equity securities within this index effectively.

Overall, the adjustments made by AQR Capital Management, along with the movements by other institutional investors, highlight the dynamic nature of investment strategies within the ETF sector.

AQR, SPYG, ETF